new pension scheme

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raman

raman (Querist)
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07 July 2009 pls clarify the pension scheme in budget -09

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
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08 July 2009 Hi,
You can see this link to know about the new pension scheme.
https://www.business-standard.com/india/news/everything-you-want-to-know-aboutnew-pension-scheme/356860/

In Budget the contributions to new pension scheme are provided an exemption from Taxes.

raman

raman (Querist)
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09 July 2009 still needs clarity about its tax impact

CA Bosu babu

CA Bosu babu (Expert)
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11 July 2009 Previously E-E-E was there.....E- contribution by you to PF ,2nd E - Interest received before retiement,
3rd E - Amount + interest recievd after retirement also exempted.

there were some case laws are there which allows deduction to indls under 89(1) as well as 10(10C).....

so budget dont want to get doulble benifit....so now they made it as E-E-T
(Exempt-exempt - Tax)
So what ever amount you are receiving after retirement will be taxable....tat is what FA 2009 proposed.

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